Square's CFO is Out and PayPal is Shaking Up Venmo | Summary and Q&A

TL;DR

84% of voters support a weekly segment on the war on cash featuring Square, PayPal, Mastercard, and Visa. Square loses CFO Sarah Friar, raising concerns about the stock. PayPal introduces fees for instant transfers on Venmo.

Key Insights

• 🫱 The majority of voters support a weekly segment on the war on cash, indicating a strong interest in fintech companies like Square, PayPal, Mastercard, and Visa.
• 🤨 Sarah Friar's departure as Square's CFO raises concerns about the company's stock, but experts believe Square will still succeed in the long run.
• 🈶 PayPal's decision to charge fees for instant transfers on Venmo may alienate millennials who prefer free and quick transactions.

Transcript

Jason Moser: Matt, last week, we were talking about these companies that we love so much, this war on cash basket, Square and PayPal and Mastercard and Visa. And I said, "Hey, let's put out a poll and see what people think about introducing a regular weekly segment talking about these four companies, catching people up on any newsworthy items." Mat... Read More

Questions & Answers

Q: How did voters respond to the idea of a weekly segment on the war on cash?

84% of voters supported the idea, showing a considerable interest in companies like Square, PayPal, Mastercard, and Visa.

Q: What impact does the departure of CFO Sarah Friar have on Square?

Sarah Friar's departure has raised concerns about Square's stock, as she has been seen as a tremendous leader for the company. However, experts believe that Square will still thrive under the right leadership.

Q: Why is PayPal introducing fees for instant transfers on Venmo?

PayPal aims to monetize its service by implementing fees for instant transfers. This decision has received mixed reactions, as millennials, who are Venmo's primary users, prefer free and quick transactions.

Q: How will PayPal manage the transition to charging fees on Venmo?

PayPal acknowledges that instant transfers are not a profitable part of their business yet, but they see it as a significant aspect of their model in the future. They will need to balance monetization with user expectations to ensure success.

Summary & Key Takeaways

• 84% of voters support a weekly segment on the war on cash, featuring Square, PayPal, Mastercard, and Visa.

• Square's CFO Sarah Friar is leaving to become the CEO of Nextdoor.

• Despite concerns about Square's stock and the departure of Sarah Friar, experts believe the company will be fine in the long run.

• PayPal introduces fees for instant transfers on Venmo.